Analyst Ratings for Fastenal Co. (FAST)

Updated: 2017-07-29

Shares of Fastenal Co. (NASDAQ:FAST) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for FAST last month.

A buy rating was issued by 8 analysts, 2 gave an overweight rating, 8 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 4. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.

FAST was given price targets by several analysts. The maximum price target given was 55, which equates to a potential upside of 26.29 percent. The lowest price target was 44, implying a possible loss of 1.03 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 3.1 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 4.17 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 2.67 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.22 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 8 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. During this time, 9 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of FAST to grow at a rate of 5.23 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of FAST is 4.58.

FAST has a 52-week high of 52.74 and a 52-week low of 37.70. The current market price is above the trailing year's low by 15.52 percent, and 17.43 percent below the high. FAST has a P/E ratio of 23.93. Investors typically compare the P/E ratio to a company's peers in the industry. The FAST value stock report compares FAST to some of its peers using value stock charts. The stock has a market capitalization of $12.61 billion. FAST will post this quarters earnings in days, on 0000-00-00.